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Dixie Energy Trust Drills and Completes Two Oil Wells in Mississippi

CALGARY, March 21, 2013 /CNW/ - Dixie Energy Trust ("Dixie" or the "Trust") is pleased to announce that it has drilled and completed two
horizontal oil wells ("Holliman #1" and "Holliman #2") in the Maple Branch field, Mississippi. Dixie anticipates bringing
both wells on production in the coming weeks.

"We are encouraged by the drilling results of both wells," said Rick
Fletcher, chief executive officer of Dixie. "This region has a long
history of oil and gas production from vertical wells and we are
excited about opportunity to apply horizontal drilling technology to
create economic value for our shareholders and the community."

Dixie owns a 15% working interest in Holliman #1 and a 20% interest in
Holliman #2.

Further information in respect of Dixie can be accessed via the SEDAR
website at www.sedar.com.

About Dixie
Dixie is a recently formed energy trust created to provide investors
with an oil and gas exploration focused investment. The strategy of
Dixie is to acquire, exploit and develop, indirectly through its
subsidiaries, long-life crude oil and gas prospects and reserves in the
United States, primarily in Mississippi and Alabama.

Forward-Looking Statement Disclaimer This press release may contain forward-looking statements and
forward-looking information, including statements regarding Dixie's
current expectation that it will be able to bring on production from
Holliman #1 and Holliman #2 in the coming weeks; and Dixie's plans to
apply horizontal drilling technology to its properties and its
expectations that such operations may create economic value for its
shareholders and the community. The words "believe", "expect",
"intend", "estimate", "anticipate", "project", "scheduled", and similar
expressions, as well as future or conditional verbs such as "will",
"should", "would", and "could" often identify forward- looking
statements and forward-looking information.

With respect to forward-looking statements contained herein, Dixie has
made assumptions regarding, among other things: the absence of any
operational or other interruptions that could have the effect of
delaying, postponing or otherwise preventing Dixie from bringing the
expected production from Holliman #1 and Holliman #2 on-stream; the
availability of third party service providers and infrastructures to
enable Dixie to bring its expected production on-stream; and the
anticipated benefits of horizontal drilling techniques compared to
conventional vertical drilling techniques. Although Dixie believes that
the expectations reflected in the forward-looking statements contained
herein, and the assumptions on which such forward-looking statements
are made, are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned not to
place undue reliance on forward-looking statements included herein, as
there can be no assurance that the plans, intentions or expectations
upon which the forward-looking statements are based will occur. By
their nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause Dixie's
actual performance to differ materially from any expressed or implied
by such forward-looking statements. These risks and uncertainties
include, among other things: the risks and uncertainties associated
with the oil and gas industry generally, and particularly in the United
States, including Mississippi and Alabama, including political,
regulatory, environmental and other legal risks; the risk that there is
a lack of availability of third party service providers and
infrastructures to enable Dixie to bring its expected production
on-stream in the timeframes expressed herein, or at all; the risk that
Dixie may not achieve production targets, or that production volumes
decline sooner than expected that have the effect of delaying or
preventing Dixie from bringing its expected production on-stream in the
time periods anticipated, or at all; and the risk that horizontal
drilling and other exploration technologies used will not provide
conclusive proof prior to drilling a well that crude oil is present or
may be produced economically and that it will not provide the expected
benefits expressed herein. Readers are cautioned that this list of risk
factors should not be construed as exhaustive. Although Dixie believes
that the expectations represented by such forward-looking-statements
and forward-looking information are reasonable based on the information
available to them on the date of this press release, there can be no
assurance that such expectations will prove to be correct. Except as
expressly required by applicable securities laws, Dixie does not
undertake any obligations to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained in
this document are expressly qualified by this cautionary statement.